November 23, 2016 - By Darrin Black
After the publishing of a legal form filled with Security Exchange Commission; a new transaction became apparent. The director of Wellesley Bancorp Inc, Kathryn Hinderhofer; did a trade in the open market by accumulating 300 shares at an average cost of $24.5 of the ‘s company valued at near $7,350 U.S. Dollars. And, It’s sure Kathryn’s transaction isn’t going to stay ignored as she presently is owning 3,300 shares – ( 0.14% of Wellesley Bancorp Inc’s Market Cap ).
Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.25, from 0.75 in 2016Q1. The ratio increased, as 1 funds sold all Wellesley Bancorp Inc shares owned while 3 reduced positions. 1 funds bought stakes while 2 increased positions. They now own 146,620 shares or 10.73% less from 164,241 shares in 2016Q1.
Fj Cap Mngmt Ltd Liability Co has 0.2% invested in the company for 51,000 shares. Alliancebernstein Limited Partnership owns 26,466 shares or 0% of their US portfolio. Financial Bank Of America Corporation De holds 95 shares or 0% of its portfolio. Howland Cap Ltd Limited Liability Company holds 0.05% or 25,000 shares in its portfolio. Blackrock Investment Management Limited Liability Com last reported 0% of its portfolio in the stock. Blackrock Fund holds 0% or 267 shares in its portfolio. Tower Rech Llc (Trc) holds 0% or 116 shares in its portfolio. Commonwealth Equity accumulated 0.01% or 32,358 shares. Seizert Cap Prtn Ltd Company accumulated 11,026 shares or 0.01% of the stock.
Insider Transactions: Since November 21, 2016, the stock had 1 buying transaction, and 0 sales for $2,446 net activity. 100 shares were bought by Gerlin Simon R, worth $2,446 on Monday, November 21.
About 1,577 shares traded hands. Wellesley Bancorp Inc (NASDAQ:WEBK) has risen 27.23% since April 21, 2016 and is uptrending. It has outperformed by 21.90% the S&P500.
Wellesley Bancorp, Inc. is the holding firm for Wellesley Bank . The company has a market cap of $59.96 million. The Bank operates as a community-oriented financial institution offering traditional financial services to clients and businesses. It has a 18.41 P/E ratio. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans.
More recent Wellesley Bancorp Inc (NASDAQ:WEBK) news were published by: Prnewswire.com which released: “Wellesley Bancorp, Inc. Declares Quarterly Dividend” on November 16, 2016. Also Prnewswire.com published the news titled: “Wellesley Bancorp, Inc. Appoints Kathryn M. Hinderhofer As Director” on September 21, 2016. Prnewswire.com‘s news article titled: “Wellesley Bancorp, Inc. Appoints Simon R. Gerlin As Director” with publication date: January 27, 2016 was also an interesting one.
Wellesley Bancorp, Inc., incorporated on October 1, 2011, is the holding firm for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to clients and businesses in its market areas of Wellesley, Boston and the surrounding communities. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans. In addition, it also provides investment management services for high net worth individuals, families, businesses, private partnerships, nonprofit organizations, foundations and trusts through its subsidiary, Wellesley Investment Partners, LLC.
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By Darrin Black